Due to its commendable Q1 2023 streaming numbers, Warner Bros. Discovery expects its streaming business to stay profitable this year.
Block saw increased earnings on several fronts for Q1 2023 due to the success of its other businesses, including Cash App and Square.
Apple iPhone sales surprised the Street. Despite the smartphone market shrinking by 15%, Apple managed to pull off strong sales numbers for iPhones.
According to the chief investment officer at Coinbase, the crypto firm is venturing into the derivatives market in order to better serve the international customer base.
Despite the success of Kenvue’s IPO, Johnson & Johnson remains under allegations that some of its talc products are cancerous.
Microsoft and AMD are working on an artificial intelligence (AI) chip with a code name Athena.
The demise of several United States regional banks including PacWest has come amid the rise of top banks – like Bank of America, and JPMorgan – and Fintechs – like Binance, and Coinbase Global.
In 2022, the Big Oil companies, including TotalEnergies, ExxonMobil, Chevron, BP, and Shell smashed their previous year’s earnings.
Los Angeles-based PacWest is considering several strategic options, including a sale, amid a banking crisis-induced stock plunge.
Apple expects a 5% drop in revenue amid sluggish sales for Mac and iPad. The Street expects the Apple board to authorize $90 billion worth of buybacks and share repurchases.
Chegg is optimistic it can turn things around with its upcoming Cheggmate beta, an AI-focused student learning platform.
The US stock indices notably derailed from the recent growth path it has charted in recent times following the rate hike news.
PacWest and Western Alliance banks recorded heavy losses on Tuesday as the market is still reeling from problems caused by recent collapses.
Chegg is facing massive disruptions in its education business amid the rapid growth of AI platforms. To contain this, Chegg is building its own AI platform CheggMate in collaboration with OpenAI.
Amid lower fossil fuel costs, BP’s profits tanked in comparison to the bumper profits recorded in 2022.